Posted at 10:47 a.m. – May corn price is down 4 1/2 cents per bushel, May soybean price is up 4 1/4 cents per bushel. May KC wheat fell 21 cents per bushel, May Chicago wheat fell 14 3/4 cents per bushel and May Minneapolis wheat fell 13 1/2 cents. The Dow Jones Industrial Average fell 11.54 points to 38,984.85, the U.S. dollar index fell 0.170 to 103.99 and April crude oil rose $2.39 a barrel to $80.65. Wheat markets collapse mid-morning after the Paris milling wheat market hit new contract lows, closing lower for the fifth time in the last six days. Low wheat prices from Russia and Ukraine as well as a record 5.2 million tonnes of grain from Ukraine in February are weighing on the markets. Some disappointment over the delay in announcing sustainable aviation fuel credits could hit the corn market. Soybeans and soybean meal are currently excluded from sale.
Posted at 8:36 a.m. – May corn price is down 2 cents per bushel, May soybean price is up 4 3/4 cents per bushel. May KC wheat fell 8 1/4 cents per bushel, May Chicago wheat fell 8 1/2 cents per bushel and May Minneapolis wheat fell 3 1/2 cents. The Dow Jones Industrial Average fell 20.47 points to 38,975.92, the U.S. dollar index rose 0.000 to 104.16 and April crude oil rose $1.40 a barrel to $79.66. The soybean complex is stronger early Friday while grains are slightly lower. The weather remains mostly favorable in South America, with Brazil's soybean harvest expected to be 50% complete by next week. Traders are awaiting a decision expected to be announced Friday on credit ratings for corn and soybeans used in sustainable aviation fuels (SAF), which could have a significant impact on demand.
Posted at 11:13 a.m. – April live cattle are up $1.70 to $187.05, April feeder cattle are up $3.40 to $257,125, April lean hogs are up $0.25 to $86,875 increased, May corn was down 5 3/4 cents per bushel and May soybean meal was up $3.40. The Dow Jones Industrial Average rose 33.75 points. No new sales were reported in the cash cattle market on Friday morning and it appears the majority of this week's trading has concluded. Prices in the South are at $183 (completely stable from last week's weighted average) and dressed cattle from the North sold for $290 (that's $2.00 less than last week's weighted average). Week).
Posted 08:39 – April live cattle are up $0.53 to $185,875, April feeder cattle are up $0.85 to $254,575, April lean hogs are down $0.08 to $86.55, Corn was down 2 cents a bushel and soybean meal was up $1.90 in May. The Dow Jones Industrial Average fell 20.84 points. Cattle contracts are trading higher as the market finally received technical support towards the end of the week. There may be a bit more light cash cattle trading developing, but it looks like most of this week's business is done.
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